Vail Resorts Agrees to Buy
Ski Rivals From Ralcorp

Vail Resorts Inc. agreed to acquire its chief Colorado ski resort rival from Ralcorp Holdings Inc. in a $310 million cash-and-stock deal that dramatically consolidates North American skiing and improves Ralcorp's financial footing.

Ralcorp, under pressure because of the recent price war in breakfast cereals, is restructuring to bolster its balance sheet and protect its core cereal business. The divestiture had been expected by Wall...